Group 1: Company Overview and Business Segments - The company has developed high-performance harmonic reducers and intelligent joint modules in collaboration with Chongqing University, leveraging advanced research outcomes [2] - The company aims to capitalize on the advantages of the Guangdong-Hong Kong-Macao Greater Bay Area for market promotion and product commercialization [2] Group 2: Financial Performance - In the first half of 2025, the company's LED driver power business reported a gross margin of 23.59%, a decrease of 2.95% compared to the same period last year [3] - The company achieved a 5.32% increase in LED driver power sales despite challenging international trade conditions [3] - The core components of the energy storage business generated revenue of 31.09 million yuan, reflecting a year-on-year growth of 2,474.62% [3] Group 3: Market Dynamics and Future Growth - The future growth of the LED driver power segment is expected to be driven by the replacement of traditional lighting with LED lighting and the emergence of new application demands [3] - The energy storage core components are primarily targeted at residential and commercial energy storage systems, with a gross margin of 24.84% in the first half of 2025 [3] - The competitive landscape for high-power LED driver power is expected to become clearer as the industry matures, with larger players likely to increase market share [4]

Group 1 - The company, Songsheng Co., will continue to focus on the development of LED drivers for plant lighting [2] - The company aims to leverage its technological achievements in the energy storage core component field to provide solutions for the large-scale application of plant lighting [2] - The offerings will include LED drivers, energy storage core components, and energy solutions [2]